Published 13 days ago

‘Something will have to give’: IMF sounds alarm on US debt

The IMF reported that the U.S. Federal budget deficit increased to $1.7 trillion in the past year, with the national debt exceeding $34 trillion and projected to top $45.7 trillion in the next decade.
The U.S. Economy outpaced other developed nations post-COVID due to its deficit spending policy, with debt rising from COVID-19 relief and infrastructure projects funded by borrowing.
Government debt surged during the pandemic as relief measures were implemented through borrowed funds, potentially leading to inflation and financial risks if interest rates stay elevated, as warned by the IMF.

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CNN

IMF raises growth forecast for ‘overheated’ US economy and urges caution on rate cuts

The US economy’s standout performance will be a major driver of global growth this year but could make America’s inflation problem harder to solve, according to the International Monetary Fund.

14 days ago·Atlanta, United States

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New York Post

IMF slams Biden spending as US debt balloons past $34 trillion: ‘Something will have to give’

International Monetary Fund alarmed over Biden administration's rampant spending as "out of line with what is needed for long-term fiscal stability."

13 days ago·New York, United States

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The Hill

‘Something will have to give’: IMF sounds alarm on US debt

The International Monetary Fund (IMF) warned Tuesday that America’s recent economic performance is partially the result of the country’s unsustainable fiscal practices, creating risks for the global economy. “The exceptional recent performance of the United States is certainly impressive and a major driver of global growth, but it reflects strong demand factors as well, including a fiscal stance that is out of line with long-term fiscal sustaina…

13 days ago·Washington, United States

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Bloomberg

IMF Steps Up Its Warning To US Over Spending And Ballooning Debt

The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy.

14 days ago·United States

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Russia Today [🇷🇺-affiliated]

IMF lambasts US over ballooning debt

The unsustainable rise of the US national debt is posing risk for the global economy, the International Monetary Fund says

13 days ago·Russian Federation

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UPI

IMF sounds alarm on U.S. debt, warning 'something will have to give'

The International Monetary Fund warned the United States on Tuesday that the government's rampant spending and growing national debt is not sustainable and could threaten the global economy.

13 days ago·Washington, United States

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